Sumitomo Realty & Development, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 5%, Oct-Dec Ordinary Profit Increases by 8%

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Thu Feb 6, 2025 3:30 pm JST Earnings

8830 Sumitomo Realty & Development Co.,Ltd. 【J-GAAP】

Earnings Report

Sumitomo Realty & Development Co.,Ltd. <8830> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 5.5% from the same period last year, reaching 218 billion yen. The progress rate toward the full-year plan of 265 billion yen was 82.5%, almost the same as the five-year average of 82.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 1.1% from the same period last year, reaching 46.2 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 8.3% from the same period last year, reaching 62.5 billion yen. The operating profit margin remained almost flat, changing from 24.5% in the same period last year to 24.6%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	698,885	196,919	196,615	135,605	286.1	83.1	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	726,458	203,998	207,377	145,592	307.2	81.9	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	782,864	215,802	218,743	146,699	309.6	82.5	Feb 6, 2025	J-GAAP
YoY	+7.8%	+5.8%	+5.5%	+0.8%	+0.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	462,449	104,891	103,523	71,247	150.3	31	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	460,426	111,063	108,832	80,540	171.1	35	Nov 8, 2024	J-GAAP
YoY	-0.4%	+5.9%	+5.1%	+13.0%	+13.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	939,904	241,274	236,651	161,925	341.7	52	May 11, 2023	J-GAAP
Mar, 2024	967,692	254,666	253,111	177,171	373.8	60	May 9, 2024	J-GAAP
Mar, 2025 Guidance	1,000,000	267,000	265,000	190,000	403.7	70	May 9, 2024	J-GAAP
YoY	+3.3%	+4.8%	+4.7%	+7.2%	+8.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	221,215	54,223	57,789	39,668	83.7	24.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	241,234	50,668	45,734	31,579	66.6	21.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	315,718	98,124	103,032	74,539	157.3	31.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	223,856	57,813	53,136	34,921	73.7	25.8	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	243,290	59,865	62,575	37,239	78.6	24.6	Feb 6, 2025	J-GAAP
YoY	+10.0%	+10.4%	+8.3%	-6.1%	-6.1%